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Construction of the pedestrian- and transit-oriented development, designed by KTGY, is anticipated to begin in fall 2018. The development hopes to help revitalize the downtown, bringing 412 mixed-income units, office and retail space.

The 62,952-square-foot newly remodeled regional shopping center in Riverside, Calif., was 98 percent occupied at the time of the sale. Only eight shopping centers in the Inland Empire changed hands for more than $20 million in the past 12 months.